Shipping proved its flexibility in the past, managing to adapt to geopolitical challenges such as piracy, sanctions and regulations.

Going through past reports on the prospects of the Maritime Industry, may be quite amusing since after the passing of time you realise how wrong people have been in attempting to forecast the future of our industry.

The global economy is going through a challenging period after the COVID-19 pandemic and the ongoing war in Ukraine and the associated sanctions im- posed on Russia.